Common use of Cancellation Procedures Clause in Contracts

Cancellation Procedures. To cancel: PURCHASER/LENDER (A) must contact the SELLER to complete and sign the written cancellation form; (B) provide an odometer statement or other documentation of cancellation miles; and (C) if repossessed, provide a letter from the LENDER containing repossession date and mileage. (D) SELLER will provide ADMINISTRATOR with the cancellation documents. (E) ADMINISTRATOR will calculate the refund. (F) SELLER will issue the check to the PURCHASER/LENDER. If the PURCHASER/LENDER is unable to contact the SELLER, contact the ADMINISTRATOR at 000-000-0000 for assistance. This CONTRACT provides cancellation benefits for the original PURCHASER/LENDER/PROVIDER only. The PURCHASER/LENDER/PROVIDER may cancel this CONTRACT at any time, including when a loss of the CONTRACT occurs or when you sell the VEHICLE without transfer of this CONTRACT. For Missouri contracts, written notice to the PURCHASER will be mailed within fifteen (15) days of cancellation. In the event a request from the PURCHASER/LENDER/PROVIDER is made within sixty (60) days of purchase and no claims have been filed, a flat cancellation will be allowed. If the PURCHASER/LENDER/PROVIDER requests a cancellation after sixty (60) days or has filed a claim, the ADMINISTRATOR agrees to calculate and make available a pro-rata refund percentage figure based on time or mileage, whichever refund is less (less any paid claims if the CONTRACT was not purchased at the time of the VEHICLE purchase). The PROVIDER and SELLER agree to return their respective portions of the pro-rata refund. The LENDER will be the sole payee when the collateral has been repossessed or is a total loss and the lien is still active. In most cases, the SELLER will issue the final refund check to the PURCHASER/LENDER. A ten percent (10%) penalty per month shall be added to a refund that is not paid or credited within thirty (30) days. All cancellations are subject to a fifty dollar ($50.00) cancellation fee, except flat cancels.

Cancellation Procedures. To cancel: PURCHASER/LENDER (A) must contact the SELLER to complete and sign the written cancellation form; (B) provide an odometer statement or other documentation of cancellation miles; and (C) if repossessed, provide a letter from the LENDER containing repossession date and mileage. (D) SELLER will provide ADMINISTRATOR with the cancellation documents. (E) ADMINISTRATOR will calculate the refund. (F) SELLER will issue the check to the PURCHASER/LENDER. If the PURCHASER/LENDER is unable to contact the SELLER, contact the ADMINISTRATOR at 000-000-0000 for assistance. This CONTRACT provides cancellation benefits for the original PURCHASER/LENDER/PROVIDER only. The PURCHASER/LENDER/PROVIDER may cancel this CONTRACT at any time, including when a loss of the CONTRACT occurs or when you sell the VEHICLE without transfer of this CONTRACT. For Missouri contracts, written notice to the PURCHASER will be mailed within fifteen (15) days of cancellation. In the event a request from the PURCHASER/LENDER/PROVIDER is made within sixty (60) days of purchase (or, if the CONTRACT was mailed, within 20 days after the mailing date) and no claims have been filed, a flat cancellation will be allowed. If the PURCHASER/LENDER/PROVIDER requests a cancellation after sixty (60) days or has filed a claim, the ADMINISTRATOR agrees to calculate and make available a pro-rata refund percentage figure based on time or mileage, whichever refund is less (less any paid claims if the CONTRACT was not purchased at the time of the VEHICLE purchase). The PROVIDER and SELLER agree to return their respective portions of the pro-rata refund. The LENDER will be the sole payee when the collateral has been repossessed or is a total loss and the lien is still active. In most cases, the SELLER will issue the final refund check to the PURCHASER/LENDER. A ten percent (10%) penalty per month shall be added to a refund that is not paid or credited within thirty (30) days. All cancellations are subject to a fifty dollar ($50.00) cancellation fee, except flat cancels.

Cancellation Procedures. To cancel: PURCHASER/LENDER (A) must contact the SELLER to complete and sign the written cancellation form; and (B) provide an odometer statement or other documentation of cancellation miles; and (C) if repossessed, provide a letter from the LENDER containing repossession date and mileagedate. (DC) SELLER will provide ADMINISTRATOR with the cancellation documents. (ED) ADMINISTRATOR will calculate the refund. (FE) SELLER will issue the check to the PURCHASER/LENDER. If the PURCHASER/LENDER is unable to contact the SELLER, contact the ADMINISTRATOR at 000-000- 000-0000 for assistance. This CONTRACT provides cancellation benefits for the original PURCHASER/LENDER/PROVIDER only. The PURCHASER/LENDER/PROVIDER may cancel this CONTRACT at any time, including when a loss of the CONTRACT occurs or when you sell the VEHICLE without transfer of this CONTRACT. For Missouri contracts, written notice to the PURCHASER will be mailed within fifteen (15) days of cancellation. In the event a request from the PURCHASER/LENDER/PROVIDER is made within sixty (60) days of purchase and no claims have been filed, a flat cancellation will be allowed. If the PURCHASER/LENDER/PROVIDER requests a cancellation after sixty (60) days or has filed a claim, the ADMINISTRATOR agrees to calculate and make available a pro-rata refund percentage figure based on time or mileage, whichever refund is less (less any paid claims if the CONTRACT was not purchased at the time of the VEHICLE purchase)claims. The PROVIDER and SELLER agree to return their respective portions of the pro-rata refund. The LENDER will be the sole payee when the collateral has been repossessed or is a total loss and the lien is still active. In most cases, the SELLER will issue the final refund check to the PURCHASER/LENDER. A ten percent (10%) penalty per month shall be added to a refund that is not paid or credited within thirty (30) days. All cancellations are subject to a fifty dollar ($50.00) cancellation fee, except flat cancels.thirty

Cancellation Procedures. To cancel: PURCHASER/LENDER (A) must contact the SELLER to complete and sign the written cancellation form; (B) provide an odometer statement or other documentation of cancellation miles; and (C) if repossessed, provide a letter from the LENDER containing repossession date and mileage. (D) SELLER will provide ADMINISTRATOR with the cancellation documents. (E) ADMINISTRATOR will calculate the refund. (F) SELLER will issue the check to the PURCHASER/LENDER. If the PURCHASER/LENDER is unable to contact the SELLER, contact the ADMINISTRATOR at 000-000-0000 for assistance. This CONTRACT provides cancellation benefits for the original PURCHASER/LENDER/PROVIDER only. The PURCHASER/LENDER/PROVIDER may cancel this CONTRACT at any time, including when a loss of the CONTRACT occurs or when you sell the VEHICLE without transfer of this CONTRACT. For Missouri contracts, written notice to the PURCHASER will be mailed within fifteen (15) days of cancellation. In the event a request from the PURCHASER/LENDER/PROVIDER is made within sixty (60) days of purchase (or, if the CONTRACT was mailed, within 20 days after the mailing date) and no claims have been filed, a flat cancellation will be allowed. If the PURCHASER/LENDER/PROVIDER requests a cancellation after sixty (60) days or has filed a claim, the ADMINISTRATOR agrees to calculate and make available a pro-rata refund percentage figure based on time or mileage, whichever refund is less (less, less any paid claims if the CONTRACT was not purchased at the time of the VEHICLE purchase)paid. The PROVIDER and SELLER agree to return their respective portions of the pro-rata refund. The LENDER will be the sole payee when the collateral has been repossessed or is a total loss and the lien is still active. In most cases, the SELLER will issue the final refund check to the PURCHASER/LENDER. A ten percent (10%) penalty per month shall be added to a refund that is not paid or credited within thirty (30) days. All cancellations are subject to a fifty dollar ($50.00) cancellation fee, except flat cancels.